Tax Warrior Chronicles

Federal Student Loans and Taxes – A Primer

Posted on Mon, May 24, 2021

By: Steve R. Rossman, CPA, MT


The recent spotlight on student loans has been intense. Every consideration from suspending payments to outright forgiveness is being discussed in the halls of Congress and the White House. This topic is widely impactful as a recent Forbes article sites current student loan debt in the Unites States tops a record $1.7 trillion amongst 45 million borrowers. So, what is the law today for how loans are handled in the wake of COVID-19, and what might the tax and financial landscape look like if loans are forgiven? Today, we offer a primer on this very question and its possible outcomes.

Read More

Tax Implications of Senator Elizabeth Warren's Plan to Eliminate Student Loan Debt

Posted on Thu, May 23, 2019

By: Adele Kilgus, CPA


Democratic presidential hopeful Elizabeth Warren's plan to forgive student loan debt has been making headlines the past few months. The Tax Warriors wanted to dive in to see what tax implications could be lurking amidst the plan.

Read More

Millennial Series Part IX:  Keys to Consolidating Debt

Posted on Mon, Oct 30, 2017

By: Cecilia Fernandes


The millennial generation has a crippling amount of long-term debt. Studies show at least two-thirds have one source of long-term debt and one-third have at least two forms of long-term debt. The majority of this debt comes from student loans. A close second is credit card debt. In this post, The Tax Warriors share tips about reigning in and consolidating debt.

Read More

Info to Complete FASFA – College Planning

Posted on Thu, Sep 21, 2017

By: Adele Kilgus, CPA


Funding a college education is expensive endeavor. Students and parents are constantly in search of ways to help defray the often six-digit costs. If you plan to attend college between July 1, 2018 and June 30, 2019, it’s time to think about the Free Application for Federal Student Aid (FAFSA). The application window opens on October 1, 2017, and goes until June 30, 2019. Here’s how to take advantage of the opportunity.

Read More